iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Significant Decrease in Short Interest

iShares Morningstar Growth ETF (NYSEARCA:ILCG) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 17,462 shares, a decline of 75.5% from the April 30th total of 71,403 shares. Based on an average daily volume of 89,656 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

iShares Morningstar Growth ETF Trading Up 0.5%

NYSEARCA:ILCG traded up $0.64 during midday trading on Friday, hitting $118.88. 35,055 shares of the stock were exchanged, compared to its average volume of 88,041. iShares Morningstar Growth ETF has a one year low of $89.92 and a one year high of $119.08. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. The business has a 50-day moving average price of $106.69 and a two-hundred day moving average price of $104.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. NBT Bank N A NY lifted its stake in iShares Morningstar Growth ETF by 175.0% during the first quarter. NBT Bank N A NY now owns 286 shares of the company’s stock valued at $27,000 after buying an additional 182 shares in the last quarter. Caitlin John LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at $35,000. Parallel Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at $37,000. O Shaughnessy Asset Management LLC grew its holdings in shares of iShares Morningstar Growth ETF by 1,250.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 378 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Morningstar Growth ETF during the 4th quarter valued at $56,000.

About iShares Morningstar Growth ETF

The iShares Morningstar Growth ETF (ILCG) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of growth stocks, selected from the top 90% of the US market-cap spectrum. ILCG was launched on Jun 28, 2004 and is managed by BlackRock.